The consortium of PT Aneka Tambang Tbk (Antam) and PT Tambang Batubara Bukit Asam Tbk (PTBA) is sounding a possibility of buying a 35% stake in PT Bumi Resources Tbk.
Rumor circulating saying the two consortia are the consortium of Sampoerna, Putra Mas Agung, and tycoon Tommy Winata, and the Djarum consortium.
The Djarum consortium saw an opportunity to make hostile takeover by buyinh Bumi shares on the stock exchange at an attractive price.
The sounding is made amid a decline in Bumi stock price to IDR2,175 from IDR8,550. Bumi is the largest coal-producing company in Indonesia.
Sunday, October 12, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment